Ocugen Inc Stock Price, News & Analysis

Ocugen, Inc. (NASDAQ: OCGN) announced that the FDA has lifted the clinical hold on its IND application to evaluate the COVID-19 vaccine candidate COVAXIN™ (BBV152). COVAXIN™ is a whole-virion inactivated vaccine developed by Bharat Biotech and has been administered in over 200 million doses worldwide. It’s authorized for emergency use in 20 countries, with pending applications in more than 60 others. Ocugen aims to provide an alternative COVID-19 vaccine, emphasizing the importance of diverse approaches to pandemic management.

Ocugen's recent survey, conducted by The Harris Poll, reveals strong public interest in alternative COVID-19 vaccines developed through traditional methods. Key findings indicate that 73% of Americans prefer more conventional vaccine options, and 40% of unvaccinated parents would consider vaccinating their children if a new, more traditional vaccine were available. Additionally, 38% of parents with children under 5 are hesitant about existing vaccines. This data highlights the demand for diverse vaccine options amidst ongoing discussions about childhood vaccinations.

Ocugen has signed a non-binding letter of intent to acquire a dormant vaccine manufacturing site in Belleville, Ontario from Liminal BioSciences. This facility aims to enhance Ocugen's manufacturing and R&D capabilities, particularly for its COVID-19 vaccine candidate, COVAXIN™ (BBV152). The renovated site will serve as a hub for breakthrough gene therapies and is expected to stimulate regional economic growth and job creation in Ontario. The acquisition, however, is subject to due diligence and final agreements, with no assurance of completion.

Ocugen, Inc. (NASDAQ: OCGN) announces the appointment of Dr. Nirdosh Jagota as Senior Vice President of Regulatory Affairs. He brings 30 years of experience in the biopharmaceutical sector, previously serving at Arcturus Therapeutics and holding senior roles at major companies like Genentech and Pfizer. Dr. Jagota is tasked with overseeing regulatory strategies for Ocugen’s gene therapy and vaccine development. His extensive background includes the successful approval of over 30 vaccines and therapeutics. The company aims to enhance its regulatory capabilities and expedite product commercialization.

Ocugen, Inc. (NASDAQ: OCGN) announced the approval of stock options and restricted stock units (RSUs) totaling 787,268 shares and 217,681 shares, respectively, for three new hires. The grants were made on January 10 and January 17, 2022, as incentives for employment in compliance with Nasdaq Listing Rule 5635(c)(4). The stock options have a ten-year term with exercise prices of $4.32 and $4.25. They will vest in equal installments over three years, contingent upon continued service. Ocugen focuses on gene therapies for blindness diseases and the COVAXIN vaccine for COVID-19.

Ocugen, Inc. (NASDAQ: OCGN) and Bharat Biotech announced that the booster dose of their candidate vaccine, COVAXIN™ (BBV152), generated strong neutralizing antibody responses against the Omicron and Delta variants. The study showed that 100% of serum samples neutralized the Delta variant, while over 90% neutralized Omicron. These findings suggest COVAXIN™ is a viable option amid the evolving COVID-19 pandemic. The results will be published on medRXiv soon. COVAXIN™ is currently in review for emergency use authorization in the U.S. among children aged 2-18 years.

Ocugen (NASDAQ: OCGN) announced positive Phase 2 results for its COVID-19 vaccine candidate, COVAXIN™, showcasing significant increases in neutralizing titers after a booster dose. Participants aged 12-64 exhibited over a 10-fold boost in neutralizing antibodies against multiple variants six months post-second dose. Additionally, the analysis reported persistent immune responses and no serious adverse events. COVAXIN™ is currently authorized in 17 countries, with efficacy against the Omicron variant under study. These findings support the potential of COVAXIN™ as a durable vaccine option amid evolving COVID-19 variants.

Ocugen, a biopharmaceutical company (NASDAQ: OCGN), announced its participation in the H.C. Wainwright Bioconnect Conference from January 10-13, 2022. Dr. Shankar Musunuri, CEO and Co-Founder, will present on January 10, 2022, focusing on COVAXIN™, an investigational COVID-19 vaccine under FDA review, and the innovative OCU400 therapy, which begins clinical trials in Q1 2022. The presentation will be available on-demand starting at 7:00 AM ET.

For registration, visit: here.

Ocugen, Inc. (Nasdaq: OCGN) announced successful results from a Phase 2/3 trial of COVAXIN™ in children aged 2-18, showing robust antibody responses similar to adults and a favorable safety profile. The study demonstrated a strong neutralizing antibody response with no serious adverse events reported. Following these results, Ocugen submitted a pediatric Emergency Use Authorization (EUA) application in the U.S. on November 5, 2021. The findings come amid rising COVID-19 cases globally, highlighting COVAXIN's potential to enhance pediatric vaccination efforts.